Apple announces Q3 2012 earnings, tops analyst expectations

Apple yesterday announced its earnings for its third fiscal quarter of 2013 and posted a quarterly profit of $6.9 billion on revenue of $35.3 billion.

Apple yesterday announced its earnings for its third fiscal quarter of 2013 and posted a quarterly profit of $6.9 billion on revenue of $35.3 billion. Earnings per share checked in at $7.47.

These results compare to revenue of $35 billion, a quarterly net profit of $8.8 billion and EPS of $9.32 in the same quarter a year ago.

Looking at these results, Apple posted record June revenue but didn't quite manage to generate as much in profits as it has in years past. Nonetheless, the results were better than many folks on Wall St. were anticipating, and shares of Apple in early hours trading on Monday were up nearly 20 points.

Product-wise, Apple set a June quarter iPhone sales record with 31.2 million units, compared to 26 million iPhone sales during the same quarter a year ago. iPad sales checked in at 14.6 million, compared to 17 million units sold in the same quarter a year ago. Mac sales also slipped a bit, dropping from 4 million units sold in last year's quarter to just 3.8 million units sold during the quarter gone by.

In a press release on the matter, Apple CEO Tim Cook said that they were particularly proud of their strong iPhone sales and "the strong growth in revenue from iTunes."

And while Apple never comes out and pre-announces new products, Tim Cook did give us a teaser in saying that Apple is "working hard on some amazing new products that we will introduce in the fall and across 2014."

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